re: Student Loan Advice

quote:

---

is it in my best interest to just pay the smaller amounts off first or go after the big one that I'm paying the most interest on?

---

Debt snowball strikes again.

Financial wisdom says attack the high interest rate first, as you will pay less in total this way.

Dave Ramsey says, emotional victories are important, and you will get a euphoric high from paying off the smallest ones first... and that high will keep you motivated to keep going after the larger balances.

So, are you someone that cares about minor victories and needs the motivation, or not?

Personally... I think way too much thought is put into this. Do whatever you want. The imporant thing is to pay it off by paying as much as you can per month.